Debt Investors

FONTERRA CURRENT CREDIT RATING STATUS

Standard & Poor’s Ratings Services (S&P) has rated Fonterra, A- / Outlook Stable

Fitch Australia Pty Limited (Fitch) has rated Fonterra, A / Outlook Stable

RETAIL BONDS AND CAPITAL NOTES

Fonterra has Retail Bonds and Capital Notes on issue and listed on the New Zealand Stock Exchange Debt Market (NZDX). To buy or sell Retail Bonds / Capital Notes, please contact your broker.

List of NZX participants.

Retails Bonds have been rated the same as the Company by both S&P and Fitch. Capital Notes which are subordinate to other Fonterra debt issued are rated BBB+ by S&P and A- by Fitch.

Retail Bond Retail Bond Capital Note
NZDX Code FCG030 FCG040 FCGHA
Documentation Terms Sheet Terms Sheet Investment Statement 
Prospectus

FURTHER DOCUMENTATION OF INTEREST